Guideline Value for V.G.M.NAGAR

V.G.M.Nagar guideline value

The current guideline value of V.G.M.Nagar is Rs 1,500 per sq.ft. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of V.G.M.Nagar has changed

Over the years, the guideline value of V.G.M.Nagar has seen several revisions. The most recent revision in 2023 set the guideline value at Rs 1,500 per sq.ft, which is the same as the value from the 2012 revision. However, the 2017 revision recorded a lower value of Rs 1,005 per sq.ft, indicating a decrease of 33% from the 2012 figure. The change from 2017 to 2023 shows an increase of 49%.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. V.G.M.Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in V.G.M.Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.M.Nagar?

The Sub Registrar Office that covers V.G.M.Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ayyencheri

When buying or selling property in Ayyencheri, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

The guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official valuation of the property. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.G.M.Nagar?

The current guideline value of V.G.M.Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the stamp duty rate for property in V.G.M.Nagar?

The stamp duty rate for property in V.G.M.Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for V.G.M.Nagar located?

The Sub Registrar Office for V.G.M.Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024?

No, the register does not have a published guideline value for V.G.M.Nagar for the year 2024.